Asia-Pacific: Silicates Market 2024

Silicates Market Size in Asia-Pacific

The Asia-Pacific silicates market reduced to $X in 2021, declining by -6.2% against the previous year. Overall, consumption saw a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silicates Production in Asia-Pacific

In value terms, silicates production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silicates Exports

Exports in Asia-Pacific

Silicates exports soared to X tons in 2021, jumping by 15% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 21%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silicates exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 69% of total exports in 2021. India (X tons) ranks second in terms of the total exports with an 8.3% share, followed by Taiwan (Chinese) (7.4%) and Indonesia (6%). Malaysia (X tons), Thailand (X tons) and Japan (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Taiwan (Chinese) (+14.3%), Indonesia (+8.1%), Malaysia (+8.0%), India (+6.1%), Thailand (+5.5%) and Japan (+2.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.3% from 2012-2021. Taiwan (Chinese) (+5.1 p.p.), India (+3.4 p.p.), Indonesia (+3 p.p.) and Malaysia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -12.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silicates supplier in Asia-Pacific, comprising 60% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.6% share of total exports. It was followed by Taiwan (Chinese), with a 7.1% share.

In China, silicates exports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.1% per year) and Taiwan (Chinese) (+0.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced more modest paces of growth.

Silicates Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of silicates, commercial alkali metal silicates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silicates imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) represented the main importer of silicates, commercial alkali metal silicates in Asia-Pacific, generating 57% of total import. Malaysia (X tons) took the next position in the ranking, followed by Indonesia (X tons). All these countries together held approx. 16% share of total imports. The following importers - the Philippines (X tons), Singapore (X tons), Afghanistan (X tons), Hong Kong SAR (X tons), Bangladesh (X tons), Vietnam (X tons), China (X tons) and India (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates importing markets in Asia-Pacific were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 43% of total imports. These countries were followed by China, India, Indonesia, Malaysia, the Philippines, Vietnam, Bangladesh, Singapore, Hong Kong SAR and Afghanistan, which together accounted for a further 47%.

Among the main importing countries, Bangladesh, with a CAGR of +18.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 6.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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